According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $4 up compared to last week’s prices. and iron ore prices $103/ tonne, $6 down compared to last week’s prices.

While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 432 – 460 dollars per tonne last week, and rebar prices ranged between  520 – 575 dollars/tonne, while it was between  510 – 565  dollars per tonne last week.

The following is the steel prices statement in the global markets on 01 March 2025